FXstreet.com (Barcelona) - After its timid squeeze higher reaching 1.4116, the Pound has reacted down breaking 1.4040 support level, and at the moment trades on the way to 1.3985 support level.

Below the mentioned level, the Pound could find support at .3925 (Mar 12 high), and then 1.3900, once below here, 1.3840 would be exposed.

On the upside, the Pound should remain above 1.4040 to attempt an assault to 1.4135 intra-day high, and yeatterday's peak at 1.4230.